Today in Bad News

Moneybox
A blog about business and economics.
May 10 2012 4:23 PM

Today in Bad News

After two party leaders have failed to successfully form a coalition, Greece has turned to PASOK which placed third in the election: "Venizelos is likely to face even greater difficulties as his party, known as Pasok, was the architect of the country’s first bailout in 2010 and is widely blamed for Greece’s economic woes."

Chinese imports are tumbling as the economy slows and inventories stay high, spelling bad news for commodity exporters everywhere.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.

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